Who can predict stock price movements? Not I. Certainly logic would say that it would go down. Depends on the tone of the conference call. If they state that OEMS are lined up waiting for successful completion of high speed production, then a qtr later won't be a big deal. However, if they don't include this and if they push it off until mid to late 98, then I'll forget about this one for another year or two. (I'm in too high and too much to sell today. Later in the year, maybe, when tax loss selling makes sense.)
From a purely risk/reward analysis, I'd suggest that you stay on the sidelines until after the conference call. If they announce something then, you can buy. You'd miss a few bucks, but if you can't stomach an extended contraction if they announce a delay, then you shouldn't even consider it now.
Actually, if you have option ability, it'd be wise to buy a couple contracts for March (calls), if it's the quick buck you want in on. If they delay, so you lose a few thousand dollars. You could also gain a big buck too. |
